HSA
NAPAFIRMPARTNERS
Milwaukee, WI • hsabank.com
Kansas City, MO • UMB.com/HSA
HSA Bank
UMB Healthcare Services
Key Contact(s) Patrick Schmick 414.333.1391 • pschmick@hsabank.com Mike Kouromihelakis 860.969.9048 • mkouromihelakis@hsabank.com
Key Contact(s) Brian M. Hutchin 816.860.1937 • Brian.Hutchin@umb.com
Firm Profile HSA Bank services an array of tax-advantaged accounts and administrative solutions designed to help employers better manage health insurance costs, offer greater depth and flexibility in benefit packages, and promote healthy lifestyles. HSA Bank is the only provider that offers a custom solution designed to be used by Retirement Plan advisors.
Firm Profile UMB makes it easy to plan, save, and pay for healthcare, dependent, and commuter expenses. As both the HSA custodian and plan administrator for benefits accounts, UMB provides the seamless administration and support you need to bring your benefit strategy to life. Attract and retain employees with financial wellness tools that help them plan, save, and pay for healthcare expenses. You need a partner that’s stable, flexible, efficient, and driven to delight. That’s UMB.
Assets Managed* Total AUM: $12,300,000,000
Assets Managed* Total AUM: $33,500,000,000
Average Balance / Investment Balance $4,000 / $16,000
Asset Allocation Fund: $3,750,000,000
Monthly Account Fee* $0 Minimum Investment Threshold * $1,000 Investment Options Available Open Architecture platform where advisors can create a Custom Lineup, potentially mirroring the retirement plan lineup. In the absense of an advisor, we offer a Curated Mutual Fund Lineup and Brokerage Platform through Schwab. Advisor Support Service Specialized team exclusive to Retirement Plan Advisors. HSA only call center for account support.
Monthly Account Fee* $0 Minimum Investment Threshold * $1,000 Investment Options Available UMB HSA Saver® has been designed to provide a simplified approach to your HSA investments. Backed by UMB’s experience and insight, HSA Saver is a powerful tool that just made investing a whole lot easier. Using time-tested mutual fund selection methodologies, UMB has hand-picked quality funds for accountholder’s personal UMB HSA Saver® portfolio. Advisor Support Service UMB’s HSAs offer a tax-free way to save and pay for health care expenses and Medicare premiums.
Other Services Full suite of products including FSA, HRA, Commuter, Limited Purpose FSA and LSA accounts.
*as of 6.30.23
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